It´s clearly notable that the S&P has been in a great uptrend cycle which involves 8 years. We can also see that small uptrend inside the cycle. what this tell us? well as we can see in the price evolution since 2016 the S&P tried several times to reach the 8-year cycle top but it failed. Now it might be probable that the S&P will decline to 2257 then to 2182 and...
theres no need to add to the jnug chart so much indicators or trendlines, with only the use of that uptrend we can easily say that jnug has probably reached its bottom or its near to. GREAT REBOUNCE IN COMING. (SAME HAPPENS WITH NUGT)
In this chart you we see that great downtrend that has been forming since mid-2011. The important thing about this is that when gold capped in August of 2016 ($ 1350 / $ 1370) the correction was not so serious, it can be noticeable that clearly Rebound near the support line that has been forming since 2008, so we can say that gold would be going to try to break...
